Oil prices are on the rise Tuesday after experiencing a short cool-down transitioning into the winter months. Prices are on the rise following geopolitical tensions in the Middle East and expectations the Federal Reserve would soon start cutting interest rates, potentially serving as a boost to fuel demand.
The Treasury Department has released proposed guidance for a tax credit meant to spur investment into hydrogen, an energy source that emits no carbon emissions when burned. But the highly anticipated rules are sparking division within the sector, with many asserting the department’s stringent requirements will hinder the industry from taking off, while others cheered the strict criteria as promoting the “cleanest” form of hydrogen production.
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